Marcos appoints De Leon, Bernardo as Monetary Board members

Metro Manila (CNN Philippines, September 2) – President Ferdinand Marcos Jr. has appointed former Finance Undersecretary Romeo Bernardo and National Treasurer Rosalia De Leon as Monetary Board members.

Bernardo was Finance undersecretary for international finance from 1990 to 1996, while De Leon held the same position from 2007 to 2012.

Bernardo is lead independent director of power generation and distribution company Aboitiz Power Corporation.

He has been serving as non-executive director of Globe Telecom since 2001 and Bank of the Philippine Islands since 2019.

Bernardo became an alternate executive director of the Asian Development Bank and was an advisor of the World Bank and the International Monetary Fund.

De Leon, meanwhile, served as an advisor to the executive director of the Asian Development Bank from 1998 to 2004.

She also worked as an alternate executive director at the World Bank Group in Washington D.C., representing Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, the Philippines, Suriname, and Trinidad and Tobago.

"I recognize the significant impact my decisions in this role can have on the lives of our fellow Filipinos. I am committed to working towards financial stability, fostering growth, and contributing to the overall well-being of our nation,” De Leon said Saturday in a statement.

The Monetary Board, headed by Eli Remolona Jr., has three members: Benjamin Diokno, Bruce Tolentino and Anita Aquino.